Nisa Investment Advisors LLC Lowers Stock Position in Viasat Inc. $VSAT

Nisa Investment Advisors LLC reduced its position in shares of Viasat Inc. (NASDAQ:VSAT) by 42.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,928 shares of the communications equipment provider’s stock after selling 1,448 shares during the period. Nisa Investment Advisors LLC’s holdings in Viasat were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VSAT. PNC Financial Services Group Inc. lifted its position in shares of Viasat by 233.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 2,224 shares in the last quarter. MAI Capital Management increased its position in shares of Viasat by 74.7% during the first quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 1,640 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Viasat during the second quarter worth $43,000. Quarry LP boosted its position in Viasat by 2,412.3% in the first quarter. Quarry LP now owns 5,728 shares of the communications equipment provider’s stock worth $60,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Viasat in the first quarter worth $63,000. 86.05% of the stock is owned by institutional investors.

Insider Activity at Viasat

In other news, Director Richard A. Baldridge sold 100,000 shares of Viasat stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $31.00, for a total value of $3,100,000.00. Following the completion of the transaction, the director directly owned 197,161 shares in the company, valued at approximately $6,111,991. The trade was a 33.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Viasat Price Performance

VSAT opened at $35.49 on Friday. The firm has a 50-day moving average price of $33.35 and a 200-day moving average price of $21.43. Viasat Inc. has a twelve month low of $6.69 and a twelve month high of $40.47. The company has a quick ratio of 1.87, a current ratio of 2.11 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -7.68 and a beta of 1.24.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.32. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.30 EPS. Viasat’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Viasat Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on VSAT. JPMorgan Chase & Co. lifted their target price on Viasat from $10.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Viasat from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. William Blair reiterated an “outperform” rating on shares of Viasat in a research note on Wednesday, August 27th. Needham & Company LLC raised their price target on shares of Viasat from $16.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Viasat in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.29.

Viasat Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.